Baltic Classifieds Group (LON:BCG) Trading Down 15.3% on Analyst Downgrade

Baltic Classifieds Group PLC (LON:BCG)’s share price was down 15.3% during mid-day trading on Thursday after Berenberg Bank lowered their price target on the stock from GBX 360 to GBX 335. Berenberg Bank currently has a buy rating on the stock. Baltic Classifieds Group traded as low as GBX 168 and last traded at GBX 186. Approximately 22,166,805 shares were traded during mid-day trading, an increase of 820% from the average daily volume of 2,408,758 shares. The stock had previously closed at GBX 219.50.

A number of other equities research analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Baltic Classifieds Group to a “buy” rating and raised their price objective for the company from GBX 366 to GBX 373 in a report on Thursday, September 25th. JPMorgan Chase & Co. raised their price target on Baltic Classifieds Group from GBX 194 to GBX 208 and gave the company an “underweight” rating in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of GBX 316.50.

Baltic Classifieds Group Trading Down 5.7%

The company has a fifty day moving average of GBX 270.61 and a two-hundred day moving average of GBX 320.89. The company has a quick ratio of 2.36, a current ratio of 2.05 and a debt-to-equity ratio of 13.70. The stock has a market capitalization of £840.98 million, a price-to-earnings ratio of 18.86, a P/E/G ratio of 1.62 and a beta of 1.43.

About Baltic Classifieds Group

Baltic Classifieds Group (BCG) is the leading online classifieds group in the Baltics, which owns and operates twelve leading vertical and generalist online classifieds portals in Estonia, Latvia and Lithuania. BCG’s online classifieds portfolio comprises four business lines – automotive, real estate, jobs & services and generalist.